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A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) Assets: Liabilities: Cash $ 66 Accounts payable $ 249 Accounts receivable

A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands)

Assets: Liabilities:
Cash $ 66 Accounts payable $ 249
Accounts receivable (net) 179 Other liabilities 81
Investments 58 Total current liabilities 330
Inventory 202 Long-term liabilities 118
Prepaid rent 33 Total liabilities 448
Total current assets 538 Stockholders' equity:
Property & Equipment, (net) 263 Common stock 157
Retained earnings 196
Total stockholders equity 353
Total assets $ 801 Total liabilities and equity $ 801

The debt to equity ratio is: (Round your answer to 2 decimal places.)

Multiple Choice

  • 0.93.

  • 1.27.

  • 2.29.

  • 0.56.

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